·
The Stock Exchange is the market for buying
and selling of stocks, shares, securities, bonds and debentures etc. It
increases the market ability of existing securities by providing simple method
for public and others to buy and sell securities.
· The first organized stock exchange in India was started in Bombay (now Mumbai) when the "Native Share Brokers' Association" known as the Bombay Stock Exchange (BSE) was formed by the brokers in Bombay. BSE was Asia's oldest stock exchange.
· In 1894, the Ahmedabad Stock Exchange was started to facilitate dealings in the shares of textile mills there.
· The Calcutta Stock Exchange was started in 1908 to provide a market for shares of plantations and jute mills.
· The number of stock exchanges rose from 7 in 1939 to 21 in 1945. Under the Securities Contract (Regulation) Act of 1956, the Government of India has so far recognized 23 Stock Exchanges. Bombay is the premier exchange in the country.
· With the setting up of National Stock Exchange, all regional stock exchanges have lost relevance.
· The BSE transformed itself into a corporate entity from being a brokers association, from the middle of August, 2005.
· As a public limited company, BSE (Bombay Stock Exchange) is obliged to dilute stock brokers stake to 49%.
· To prevent excessive speculation and volatility in the stock market SEBI has introduced rolling settlements from 2nd July 2001, under which settlement has to be made everyday.
Some Important Share Price Index of India
· BSE SENSEX : This is the most sensitive share index of the Mumbai Stock Exchange. This is the representative index of 30 main shares. Its base year is 1978-79. BSE is the oldest stock exchange of India, founded in 1875.
· BSE 200 : This represents 200 shares of Mumbai Stock Exchange. Its base year is 1989-90.
· DOLLEX : Index of 200 BSE Dollar Value Index is called DOLLEX. Its base year is 1989-90.
· NSE-50 : From 28th July 1998, its name is S and P CNX Nifty. National Stock Exchange has launched a new share Price Index, NSE-50 in place of NSE-100 in April 1996. NSE-50 includes 50 companies' shares. This stock exchange was founded on Ferwani Committee's recommendation in 1994.
· Note : CRISIL Set up in 1998 is, a credit rating agency. It undertakes the rating fixed deposit programmes, convertible and non-convertible debentures and also credit assessment of companies.
· CRISIL 500 : It is the new share Price Index introduced by Credit Rating Agency, the "Credit Rating Information Services of India Limited" (CRISIL) on 18tj January 1996
o Apart from CRISIL, ther is another credit rating agency called "Investment Information and Credit Rating Agency of India Limited (ICRA)". It rates debt instruments of both financial and manufacturing companies.
· The National Stock Exchange (NSE) has launched a new version of its online trading software called "National Exchange for Automatic Trading (NEAT)"
· The first organized stock exchange in India was started in Bombay (now Mumbai) when the "Native Share Brokers' Association" known as the Bombay Stock Exchange (BSE) was formed by the brokers in Bombay. BSE was Asia's oldest stock exchange.
· In 1894, the Ahmedabad Stock Exchange was started to facilitate dealings in the shares of textile mills there.
· The Calcutta Stock Exchange was started in 1908 to provide a market for shares of plantations and jute mills.
· The number of stock exchanges rose from 7 in 1939 to 21 in 1945. Under the Securities Contract (Regulation) Act of 1956, the Government of India has so far recognized 23 Stock Exchanges. Bombay is the premier exchange in the country.
· With the setting up of National Stock Exchange, all regional stock exchanges have lost relevance.
· The BSE transformed itself into a corporate entity from being a brokers association, from the middle of August, 2005.
· As a public limited company, BSE (Bombay Stock Exchange) is obliged to dilute stock brokers stake to 49%.
· To prevent excessive speculation and volatility in the stock market SEBI has introduced rolling settlements from 2nd July 2001, under which settlement has to be made everyday.
Some Important Share Price Index of India
· BSE SENSEX : This is the most sensitive share index of the Mumbai Stock Exchange. This is the representative index of 30 main shares. Its base year is 1978-79. BSE is the oldest stock exchange of India, founded in 1875.
· BSE 200 : This represents 200 shares of Mumbai Stock Exchange. Its base year is 1989-90.
· DOLLEX : Index of 200 BSE Dollar Value Index is called DOLLEX. Its base year is 1989-90.
· NSE-50 : From 28th July 1998, its name is S and P CNX Nifty. National Stock Exchange has launched a new share Price Index, NSE-50 in place of NSE-100 in April 1996. NSE-50 includes 50 companies' shares. This stock exchange was founded on Ferwani Committee's recommendation in 1994.
· Note : CRISIL Set up in 1998 is, a credit rating agency. It undertakes the rating fixed deposit programmes, convertible and non-convertible debentures and also credit assessment of companies.
· CRISIL 500 : It is the new share Price Index introduced by Credit Rating Agency, the "Credit Rating Information Services of India Limited" (CRISIL) on 18tj January 1996
o Apart from CRISIL, ther is another credit rating agency called "Investment Information and Credit Rating Agency of India Limited (ICRA)". It rates debt instruments of both financial and manufacturing companies.
· The National Stock Exchange (NSE) has launched a new version of its online trading software called "National Exchange for Automatic Trading (NEAT)"
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